218 & 216 W READ St, Baltimore, MD 21201

Building Details

Year Built

1900

Listing agent Mark M Novak Show Phone

Listing office m***@markshometeam.com Show Phone

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Mark M Novak

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Overview

Located in the Mt. Vernon neighborhood of Baltimore, this mixed-use property features two street-level commercial storefronts and four residential apartments. The property offers diversified revenue streams and buyer appeal due to its location and the strong rental demand in the area. The property currently generates $5,175 per month, with three residential units and both commercial spaces occupied. One residential unit is vacant, presenting an opportunity to increase cash flow, set market rent, or occupy the unit. With full occupancy, projected rents could reach $6,025 per month, or $72,300 annually. Mt. Vernon's walkability, cultural institutions, dining options, and proximity to downtown, universities, and transit contribute to consistent demand in both the residential and commercial sectors. The property is suitable for investors seeking stable income, owner-users looking to live or work in a prime location while offsetting expenses, and buyers focused on long-term appreciation and mixed-use diversification. The property is offered as-is. The location has a bike score of 84, a walk score of 94, and a transit score of 90.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Law Firm Nail Salon Food Market Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Baltimore

County

Baltimore

State

Maryland

Longitude

-76.619052

Latitude

39.3007867

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FAQs

What type of property is this?

Mixed-use property - Six-unit mixed-use property in Baltimore's Mt. Vernon neighborhood.

Where is this mixed-use property located?

The property is located at 218 & 216 W READ St Baltimore, MD.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Prime location in Mt. Vernon, a highly desirable Baltimore neighborhood with strong rental demand.; Mixed‑use property with diversified income from commercial and residential units.; Immediate opportunity to increase cash flow by leasing the vacant residential unit.